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Sierra Madre Gold & Silver Launches C$10M Private Placement to Fund Guitarra Expansion
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Sierra Madre Gold & Silver Launches C$10M Private Placement to Fund Guitarra Expansion
Sierra Madre Gold & Silver (TSXV: SM) has announced a best-efforts private placement of up to 14.29M units at a price of C$0.70 per unit, aiming to raise gross proceeds of approximately C$10M. Each unit includes one common share and one-half warrant, with each full warrant exercisable at C$0.85 for a period of 12 months. The offering is expected to close around July 24, subject to final approvals. The proceeds will be used primarily to expand ca…
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